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The San Carlos Real Estate Week in Review: 12/26/09

December 26, 2009 "The Week in Review", *San Carlos Real Estate No Comments

This week, the total number of homes sold so far this month surpassed the total for all of December 2008. Why is this significant? Because it’s the fourth month in a row where sales have increased over the year-ago period. This is a strong indicator that the San Carlos market is working its way out of the recessionary slump that held the market down for the first two-thirds of 2009. Since January of ’09 was a weak month, I wouldn’t be at all surprised to see this trend continue into the new year.

Here’s a snapshot of the San Carlos market, as of 12/26. The previous week’s stats are in parentheses:

Price Range	Active	Pending	Ratio
< $1M	11 (11)	14 (16)	0.8 : 1 (0.7 : 1)
$1M –$1.5M	9 (9)	4 (5)	2.3 : 1 (1.8 : 1)
>$1.5M	5 (5)	0 (1)	N/A (5 : 1)
Total	25 (25)	18 (22)	1.4 : 1 (1.1 : 1)

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Homes Sold in San Carlos:

Below are homes that sold this past week in San Carlos. Click on the respective addresses to get all the details.

1578 Morse Blvd, San Carlos

1578 Morse Boulevard

Pictured Above –Sale Price: $1,850,000. Original List Price: $1,980,000. Difference: $130,000 (6.6%) below original list. DOM: 162 Days. MLS #80928884. Listed by Shirley Kraus of Intero Real Estate Services.

256 Timothy Drive

Sale Price: $1,150,000. Original List Price: $1,250,000. Difference: $1o0,000 (8.0%) below original list. DOM: 24 Days. MLS #80947251. Listed by John Shroyer of RE/MAX Today.

2120 Belmont Avenue

Sale Price: $976,000. Original List Price: $909,000. Difference: $67,000 (7.4%) above original list. DOM: 8 Days. MLS #80955117. Listed by Shirley Kraus of Intero Real Estate Services.

2043 Saint Francis Way

Sale Price: $935,000. Original List Price: $899,000. Difference: $36,000 (4.0%) above original list. DOM: 13 Days with multiple offers. MLS #80952581. Listed by Sherry Cottonaro of Cashin Company.

534 Wellington Drive

Sale Price: $780,000. Original List Price: $889,000. Difference: $109,000 (12.3%) below original list. DOM: 140 Days. MLS #80932211. Listed by Justine Ford of RE/MAX Today.

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Click the SOLD button below see all of the homes that have sold in San Carlos in the past 3 months.

Want your sold data sooner? Follow my updates on Twitter where I post San Carlos home sales as they happen. Just click on the Twitter button below….

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Homes Pending Sale in San Carlos:

The following homes went “Pending Sale” this week — click on the address for more info:

925 McCue Avenue, after 12 days on the market.

(Click this button to see ALL the homes that are Pending Sale in San Carlos.)

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New Listings in San Carlos:

Below are the new listings that hit the market this past week in San Carlos. Simply click on the address of each home to get all the details.

1357 Rosewood Avenue, San Carlos

1357 Rosewood Avenue

$738,000 – 2BR/1BA, 1,160 sq ft on a 4,800 square foot lot. MLS# 80957836. Listed by Leonard Bialer of Bialer & Associates.

(Click this button to see ALL of the homes currently for sale in San Carlos.)

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Open Houses in San Carlos:

(Click this button to see ALL of the open houses scheduled for this weekend in San Carlos.)

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(The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week.)

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